Southern Indiana (11.035 acres) Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30409944
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 11.04 Acres
Sale Price: $91,500 Per Acre
Total Price: $1,010,160
Land Splits Available: Yes
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/2/2020

Overview / Comments

11.035 acres located in the rapidly transforming area between East 10th Street and I-265, only 4.5 mi. from the newly constructed Lewis & Clark (“East End”) Bridge. Neighboring this parcel are three large commercial developments ( partially completed)Jeffersonville Commons, Bridgepointe Commons, and Jefferson Ridge. Jeffersonville Commons includes a new Kroger marketplace, Starbucks and more retailers coming soon. Baptist Health will be building a medical center next to Jefferson Ridge. River Ridge Commerce Center (less than 10% developed) boasting seasonally adjusted employment of 11,000+ people. With a projected 4,700 new residential units needed to meet the demand brought by 17,000 new jobs (expected by 2022), this location could be an idea multifamily development.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Taxing Authority: Utica Twp - Jeff City
Tax ID/APN: 042-19-0620
Zoning: R1
Topography: Level
Easements: Other
Easements Description: Subject to a 20-foot wide driveway easement the centerline of which run with the centerline of an existing gravel driveway proving access to Herb Lewis Road from the adjoining parcel.
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,796 36,937 125,463
Median Age: 32.79 38.87 40.49
Households: 2,432 15,267 52,016
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